It would be interesting to know how much support they had outside of WGR and MLX.
"The balance of the stock was placed to institutional clients of Southern Cross Equities Limited".
Not to 'sophisticated' or 'wholesale' investors. A new Top 20 would be very handy I reckon.
The price isn't great, but the process and the decision (i.e. placement over rights issues or SPPs) is sound. We're now well funded until next year.
On a side note RMS our Murchison neighbour has been trading extremely strongly the last couple of dayss.
JT
It would be interesting to know how much support they had...
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